{"id":128053,"date":"2024-08-26T19:45:43","date_gmt":"2024-08-26T14:15:43","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=current-affairs&#038;p=128053"},"modified":"2024-08-27T18:58:23","modified_gmt":"2024-08-27T13:28:23","slug":"bioe3-policy-approved","status":"publish","type":"current-affairs","link":"https:\/\/pwonlyias.com\/stage\/current-affairs\/bioe3-policy-approved","title":{"rendered":"BioE3 (Biotechnology for Economy, Environment and Employment) Policy Approved"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The\u00a0 <\/span><b>BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing<\/b><span style=\"font-weight: 400;\">\u2019 proposed by the Department of Biotechnology has been approved by the Union Cabinet.<\/span><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>About BioE3 Policy<\/b><\/span><\/h2>\n<ul>\n<li><b>Themes: <\/b><span style=\"font-weight: 400;\">The policy will focus on 6 main themes to boost biomanufacturing.<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">Bio-based <strong>c<\/strong><\/span><b>hemicals and enzymes,\u00a0<\/b><\/li>\n<li><span style=\"font-weight: 400;\">Functional<\/span><b> foods and smart proteins<\/b><\/li>\n<li><span style=\"font-weight: 400;\">Precision <\/span><b>biotherapeutic<\/b><\/li>\n<li><span style=\"font-weight: 400;\">Climate resilient a<\/span><b>griculture<\/b><\/li>\n<li><b>Carbon capture <\/b><span style=\"font-weight: 400;\">and its utilisation<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Futuristic<\/span><b> marine, and space research.\u00a0<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc\/pw-only-ias?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Classes<\/a><\/span><\/p>\n<ul>\n<li><b>Features:\u00a0<\/b>\n<ul>\n<li><b>Boost innovation: <\/b><span style=\"font-weight: 400;\">It will provide innovation-driven support to R&#038;D and entrepreneurship across thematic sectors.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It will <\/span><b>accelerate technology development and commercialization<\/b><span style=\"font-weight: 400;\"> by establishing Biomanufacturing &#038; Bio-AI hubs and Biofoundry<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Prioritising<\/span><b> regenerative bioeconomy<\/b><span style=\"font-weight: 400;\"> models of growth.<\/span><\/li>\n<li><b>Create jobs:<\/b><span style=\"font-weight: 400;\"> The\u00a0 policy will facilitate expansion of India\u2019s skilled workforce and provide a surge in job creation.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Benefits:\u00a0<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Circular Bioeconomy: <\/b><span style=\"font-weight: 400;\">The Policy will strengthen <\/span><b>initiatives such as \u2018Net Zero\u2019 carbon economy &#038; Project LIFE (\u2018Lifestyle for Environment)\u00a0 <\/b><span style=\"font-weight: 400;\">and will promote India on a path of accelerated Green Growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Promote the Goal of Viksit Bharat: <\/b><span style=\"font-weight: 400;\">It will realise a future which is sustainable, innovative, and responsive to global challenges and lays down the Bio-vision for Viksit Bharat.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The policy will <\/span><b>build a resilient biomanufacturing ecosystem <\/b><span style=\"font-weight: 400;\">which will accelerate cutting-edge innovations for developing bio-based products.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span style=\"font-size: 18pt;\"><b>About Biotechnology<\/b><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Biotechnology is the<\/span><b> use of advances in molecular biology for applications in human and animal health, agriculture, environment, <\/b><span style=\"font-weight: 400;\">and specialty biochemical manufacturing.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">It is an interdisciplinary <\/span><b>frontier between biology, engineering, medicine and plant science<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-128041\" src=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/261-66cc8ab36601b.webp\" alt=\"BioE3 Policy\" width=\"699\" height=\"259\" srcset=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/261-66cc8ab36601b.webp 1222w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/261-66cc8ab36601b-300x111.webp 300w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/261-66cc8ab36601b-1024x380.webp 1024w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/261-66cc8ab36601b-768x285.webp 768w\" sizes=\"(max-width: 699px) 100vw, 699px\" \/><\/p>\n<ul>\n<li><b>India is among the Top 12 destinations for biotechnology worldwide<\/b><span style=\"font-weight: 400;\"> and 3rd largest destination for biotechnology in Asia Pacific.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Biotech Economy:<\/b><span style=\"font-weight: 400;\"> India\u2019s BioEconomy is valued at an\u00a0 <\/span><b>estimated $130 Bn in the year 2024 a<\/b><span style=\"font-weight: 400;\">nd is identified as a<\/span><b> sunrise sector<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Category: <\/b><span style=\"font-weight: 400;\">India\u2019s Biotechnology sector is categorised into <\/span><b>Biopharmaceuticals, Bio agriculture, Bio IT and Bio Services.\u00a0<\/b><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/store.pw.live\/govt-entrance-exams\/upsc-books\/upsc-textbooks?utm_source=SEO&#038;utm_medium=PW+Live&#038;utm_campaign=UPSC+Textbooks\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Check Out UPSC NCERT Textbooks From PW Store<\/span><\/a><\/span><\/p>\n<table style=\"width: 100.028%;\">\n<tbody>\n<tr>\n<td style=\"width: 137.919%; 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